Metlock Industries Ltd. is a company in the high-technology industry. Metlock has been working on developing a new product for home entertainment, the holographic movie projector. The projector meets all of the six criteria required in order to capitalize development costs. During 2020, Metlock incurred the following costs related to research and development: Rent of facility Salaries of research staff Legal costs to obtain new patent for projector Legal costs of successfully defending new patent in court Materials consumed in manufacture of prototypes Consulting fees paid for general research Indirect costs related to research and development $130,000 330,000 31,000 40,000 14.100 45.200 10.100 Calculate the amount that Metlock would be allowed to capitalize as an intangible asset for 2020, assuming that Metlock follows IFRS. Amount capitalized $